Answer 5 questions. See which provisions apply to your business and how much you could save under the biggest tax law change since 2017.
The SALT and overtime deductions are temporary. You must claim them on this year's return to maximize savings.
If you own commercial property worth $500K+, this could mean $31K–$550K in Year 1 deductions through cost segregation.
If you're in NY, NJ, CA, IL, or CT, you could save up to $11,100 in additional federal deductions. Temporary — reverts 2030.
Pass-through business owners keep the 20% deduction on qualified business income. Permanently. Phase-out thresholds expanded.
If you spend on domestic Research & Development (R&D), you can deduct it fully in the year incurred. Retroactive relief available for 2022-2024.
We'll review your situation and reach out to schedule your 1-on-1 tax review.
Crane Financial has navigated every major tax law change since 2015. We'll navigate this one for you.
The One Big Beautiful Bill Act (OBBBA) is the most significant tax legislation since the 2017 Tax Cuts and Jobs Act. Signed into law in 2025, it restores 100% bonus depreciation, makes the QBI deduction permanent, raises the SALT deduction cap, expands R&D expensing, and creates new provisions for small and mid-size businesses. Most of these changes took effect January 1, 2026.
If your business purchases or finances equipment, vehicles, furniture, technology, or other tangible assets, yes. The OBBBA restored 100% first-year bonus depreciation, meaning you can deduct the full cost of qualifying assets in the year they're placed in service. This applies to both new and used property. Real estate investors with cost segregation studies also benefit significantly.
Yes. The Qualified Business Income (QBI) deduction, which allows eligible pass-through businesses to deduct up to 20% of qualified business income, was set to expire after 2025. The OBBBA made it permanent. If you're a sole proprietor, LLC, S-Corp, or partnership, this is a major long-term planning opportunity.
The OBBBA raised the state and local tax (SALT) deduction cap from $10,000 to $40,000 for those filing jointly. If you itemize deductions and live in a high-tax state (NY, NJ, CA, CT, IL), this could save you thousands. For business owners, combining the SALT increase with a pass-through entity tax (PTET) election can multiply the benefit.
The OBBBA restored immediate R&D expensing (Section 174), which means you no longer have to amortize research costs over 5 years. For 2022-2025 when amortization was required, you may be able to file amended returns to recapture the benefit. If your business develops products, processes, software, or formulas, you likely qualify. We can review your prior returns to identify retroactive opportunities.
If your accountant hasn't reached out about OBBBA yet, that tells you something.
See Your OBBBA Impact →Tell us about your business and we'll identify every savings opportunity available to you.